Stock markets strike records despite geopolitical unrest
Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...Business Economy
UAB net profit up by 50% for H1
Total assets increase by 11 percent.Total income rose by 24 percent YoY to AED 374 million.
The increase in net profit reflects significant growth in total assets—up 11 percent from December 2024—and the Bank’s disciplined approach to risk management.
Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated the sector plays a pivotal role in the emirate's growth.
He said the H1 results indicated a rising demand for properties and confirm the emirate’s attractiveness to investors and its strong competitive edge.
G20 nations agree central bank independence ‘crucial’
The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...This week he suggested he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve headquarters.
The G20 is made up of 19 nations and two regional organizations and its members account for more than 80 percent of the world's economic output.
Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion
San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.
Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.
TSMC Q2 profit up 60%
TSMC is the world's largest contract maker of chips.The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.
Coca-Cola agrees to use real cane sugar in its US production
Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
"I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform
ADNOC shifts OMV stake to XRG
XRG is ADNOC's wholly-owned international investment company.This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy to consolidate its international growth investments under XRG.
ADNOC is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer.
China’s Baidu to deploy driverless cars on Uber
Beijing, China -- Chinese internet giant Baidu plans to launch its driverless cars on ride-hailing app Uber in Asia and...Uber users in these locations may have the option of choosing to ride in a fully driverless Apollo Go car after they request a trip.
Driverless taxis are already on the roads with limited capacity in China, most notably in the central city of Wuhan.
Saudi leads MENA in VC funding for H1, surpassing 2024’s full-year total
Riyadh, Saudi Arabia -- Saudi Arabia retained the top spot across the Middle East and North Africa region in terms of...Saudi Arabia's H1 VC share is 56 percent of the total capital deployed in the region.
The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025.
